En+ Group Investment Presentation

Aluminium Sales and Revenue Primary aluminium sales, kt • In 1H 2021, aluminium sales increased 5.8% y-o-y to total 2,000 kt. The sales increase was mostly attributable to intensified market demand In line with its strategy, the Group continued to grow the share of VAPs¹ in total sales. In 1H 2021, VAP sales amounted to 1,010 kt (up 28.6% y-o-y), and the share of VAP sales in total sales was 50% (up by 8 pp y-o-y) Ent GROUP +5.8% (Kt) 1,890 2,000 y-o-y 2,000 Ingots 78 1,890 12 145 134 990 VAP 1,105 1,733 1,788 Third party 1,010 785 Aluminium BOAZ Aluminium 1H20 1H21 1H20 1H21 Rusal Revenue from primary aluminium and alloys, USD mn Other revenue, USD mn . • Revenue from sales of primary aluminium and alloys in 1H 2021 increased by 37.9% y-o-y to USD 4,574 mn, primarily due to a 30.2% increase in the weighted-average realized aluminium price per tonne (to an average of USD 2,287 per tonne in 1H 2021 from USD 1,756 per tonne in 1H 2020) driven by an increase in the LME aluminium price (to an average of USD 2,245 per tonne in 1H 2021 from USD 1,592 per tonne in 1H 2020), as well as the 5.8% increase in sales volumes Revenue from sales of alumina increased by 14.0% y-o-y to USD 276 mn in 1H 2021 from USD 242 mn in 1H 2020 primarily due to a 6.7% increase in the average sales price together with a 7.0% increase in sales volumes Revenue from sales of foil and other aluminium products increased by 30.3% y-o-y to USD 232 mn in 1H 2021, primarily due to an increase in sales volumes of foil and aluminium wheels between the comparable periods • Revenue from other sales, including sales of other products, bauxite and energy services increased by 32.5% y-o-y to USD 367 mn in 1H 2021, due to a 31.5% increase in sales of other materials (such as hydrate by 149.9%, silicon by 66.2%, aluminium powder by 30.6%) (1) VAP includes alloyed ingots, slabs, billets, wire rod, wheels, high and special purity aluminium. (USD mn) +35.7% y-o-y 5,449 367 232 276 4,015 277 178 242 4,574 3,318 1H20 1H21 Aluminium Alumina Foil Other and other aluminium products 60

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